Expansion into Online Gaming
14 Juillet 2010 - 2:33PM
UK Regulatory
TIDMTWL
RNS Number : 3462P
Weather Lottery PLC (The)
14 July 2010
THE WEATHER LOTTERY PLC
("TWL" or the "Company")
EXPANSION INTO ONLINE GAMING WITH "FC BETZ"
14 July 2010
The Board of TWL is delighted to announce that the Company is expanding into the
online gaming sector, under the brand name "FC BETZ.com", to compliment its well
established lottery management business.
TWL has signed a multi-year contract with Coventry City Football Club to become
its gaming partner. Under this contract TWL will provide a full package of
on-line gaming products to the Club and its supporters. In addition TWL will run
the Coventry City club Lottery under the new football themed "FC Lotto" brand,
which TWL has created specially for the Football Club market. This contract will
commence from the beginning of the football season with TWL providing In-Stadia
and Online Gambling in addition to its lottery product to the fan base of
Coventry City FC.
The Board believes that this expansion will create additional revenues for the
Company. Negotiations are continuing with several other major football clubs and
the Board expects to make further announcements, in accordance with the AIM
Rules, of similar contracts with other leading football clubs in the near
future.
The Board is considering changing of name of the Company in order to reflect the
wider range of gaming and lottery products which the Company will offer to its
clients in the future. If such a decision is made, then shareholders will be
informed in the normal manner.
"As part of our new strategy, we are delighted to be associated with Coventry
City Football Club and hope this will lead to more gaming and lottery
partnerships in the extremely popular and exciting football sector" said
Chairman Lord Razzall.
Enquiries:
The Weather Lottery PLC 01777 818036
Keith Milhench
Website www.theweatherlottery.com
Religare Capital Markets (Nomad) 020 7444 0800
Nick Harriss
SVS Securities (Broker) 020 7638 5600
Ian Callaway
This information is provided by RNS
The company news service from the London Stock Exchange
END
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